Funding
Keep up with the latest MENA region funding news with our blog. We'll keep you up-to-date on the latest funding announcements, grants, and regional competitions.
Saudi Fintech TechMal Secures $1 Million Pre-Seed Investment
TechMal, a Saudi fintech startup, raised $1 million in a pre-seed round led by Al Majidiya Investment Company. Founded in...
Saudi Logistics Platform OTO Secures $8M to Expand Operations
OTO raised $8 million in Series A funding led by Sanabil Investments, with additional contributions from Sadu Capital, Iliad Partners,...
Abu Dhabi’s Masdar Raises $1 Billion Through Dual-Tranche Green Bonds
Masdar raised $1 billion through its second green bond issuance, divided into two $500 million tranches. The green bonds saw...
Dopay Secures $13.5 Million Series A Extension to Fuel Expansion in Emerging Markets
Dopay, a fintech company, closed a $13.5 million Series A extension round to expand financial inclusion in emerging markets. The...
44.01 Secures $37 Million Series A Investment for CO2 Mineralization Technology
44.01 has raised $37 million, led by Equinor Ventures and Shorooq Partners, with participation from prominent investors like Amazon’s Climate...
UAE Startup Tokinvest Secures $500,000 in Pre-Seed Funding for Asset Tokenization Platform
Tokinvest raised $500,000 in pre-seed funding from strategic investors, including Michael Ourabah, CEO of BSO. Tokinvest simplifies the investment process...
Jordan’s SME Fund Backs Global Ventures Fund III with $5 Million Investment
The Innovative Startups and SMEs Fund (ISSF) in Jordan is investing $5 million in Global Ventures Fund III to support...
Ayyan Investment Launches $53M Rights Issue in Saudi Arabia
Ayyan Investment Company plans to raise SAR 200 million ($53.3 million) through a rights issue, offering 20 million shares at...
MENA Startup Funding: $116M Raised in June, $882M in H1 2024
June 2024 saw MENA startup funding at $116 million, marking a 59% drop from May but an 182% rise from...
UAE AgriTech Startup Maalexi Secures $1M in Venture Debt from Stride Ventures
Stride Ventures invests $1 million in UAE-based Maalexi, marking its first venture debt commitment in the GCC region. Maalexi offers...
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